According to data released by the General Administration of Customs on June 9th, the total import and export value of goods trade in China reached 1.794 trillion yuan in the first five months of this year, a year-on-year increase of 2.5%, with a growth rate 0.1 percentage points faster than the previous four months. The export growth rate slightly declined in May, but still achieved a growth of 6.3%. Looking ahead to the next stage, stable foreign trade policies will continue to be implemented to promote the upgrading of import and export quality. Entering May, China's imports and exports continued to grow, especially after the high-level economic and trade talks between China and the United States, where the growth rate significantly accelerated. In May, despite a decrease of 2 working days compared to the same period last year, imports and exports achieved a year-on-year growth of 2.7%. ”Director of the Statistics and Analysis Department of the General Administration of Customs, Lv Daliang, stated. The export product structure continues to be optimized. In the first five months, China exported 6.4 trillion yuan worth of mechanical and electrical products, accounting for 60% of the total export value and a year-on-year increase of 9.3%. Among them, the export of automatic data processing equipment and its components increased by 3.9% year-on-year, the export of integrated circuits increased by 18.9% year-on-year, and the export of automobiles increased by 6.6% year-on-year. From the perspective of trading partners, China's exports to ASEAN and the European Union have accelerated. In the first five months, ASEAN was China's largest trading partner, and China's exports to ASEAN increased by 13.5% year-on-year, with a growth rate 0.9 percentage points faster than the previous four months; The EU is China's second largest trading partner, and China's exports to the EU increased by 7.7% year-on-year, with a growth rate accelerating by 1.6 percentage points. The United States is China's third largest trading partner. In the first five months, the total value of trade between China and the United States decreased by 8.1% year-on-year, accounting for 9.6%, which is 0.6 percentage points lower than the previous four months. Over the same period, China's imports and exports to countries jointly building the "the Belt and Road" totaled 9.24 trillion yuan, up 4.2% year on year. "We should continue to stabilize the traditional market, deepen and jointly build economic and trade cooperation with countries along the the Belt and Road, and constantly expand the space for trade development. ”Zhao Fujun, Director of the Comprehensive Research Office of the Foreign Economic Research Department of the Development Research Center of the State Council, analyzed that. From the perspective of foreign trade entities, private enterprises have performed outstandingly, with an increase in the proportion of imports and exports, and a year-on-year growth in imports and exports of foreign-invested enterprises. Data shows that in the first five months, the import and export of private enterprises reached 10.25 trillion yuan, accounting for 57.1% of China's total foreign trade value, an increase of 2.4 percentage points compared to the same period last year. During the same period, foreign-invested enterprises imported and exported 5.21 trillion yuan, a year-on-year increase of 2.3%, accounting for 29% of China's total foreign trade value. Fu Linghui, spokesperson for the National Bureau of Statistics, previously stated that in the context of external shocks, China's foreign trade has been able to withstand pressure and continue to grow, reflecting the solid support ability of the industrial foundation, the ability to quickly adjust foreign trade, and the guarantee ability of stable foreign trade policies. The overall performance of foreign trade data is better than expected, demonstrating strong resilience. Against the backdrop of a complex and severe external environment, the Ministry of Commerce and the General Administration of Customs are formulating new policies to stabilize foreign trade, and foreign trade enterprises are actively exploring new development directions. ”Liu Tao, a senior researcher at Guangkai Chief Research Institute, said. (New Society)